Template:M comp disc EFET Allowance Annex 7.1: Difference between revisions
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[[Force Majeure - EFET Allowance Provision|Functionally]], the | [[Force Majeure - EFET Allowance Provision|Functionally]], the definitions of {{efetaprov|Force Majeure}} in the EFET and IETA versions, and {{euaprov|Settlement Disruption Event}} in the {{euadefs}} are the same. | ||
Here is a {{diff|77069|77068}} between IETA and EFET, and here is a {{diff||}} between EFET and ISDA. | |||
The differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not. | |||
The equivalent under the {{emissionsannex}} is the {{euaprov|Settlement Disruption Event}} — so called because there is already a Force Majeure under the {{isdama}} so the ’squad had to call their version something else. | The equivalent under the {{emissionsannex}} is the {{euaprov|Settlement Disruption Event}} — so called because there is already a Force Majeure under the {{isdama}} so the ’squad had to call their version something else. | ||
Here, for good order, is a {{diff|77096|77095}} between {{efetaprov|Force Majeure}} under the {{efetannex}} and {{euaprov|Settlement Disruption Event}} under the {{emissionsannex}}. | Here, for good order, is a {{diff|77096|77095}} between {{efetaprov|Force Majeure}} under the {{efetannex}} and {{euaprov|Settlement Disruption Event}} under the {{emissionsannex}}. | ||
Revision as of 14:53, 7 September 2023
Functionally, the definitions of Force Majeure in the EFET and IETA versions, and Settlement Disruption Event in the ISDA Emissions Annex are the same.
Here is a comparison between IETA and EFET, and here is a comparison between EFET and ISDA.
The differences are to account for the architecture and nomenclature of the different master agreements, though the IETA has a conflict clause favouring Suspension Event over Force Majeure/Settlement Disruption Event, which the EFET does not.
The equivalent under the ISDA EU Emissions Annex is the Settlement Disruption Event — so called because there is already a Force Majeure under the ISDA Master Agreement so the ’squad had to call their version something else.
Here, for good order, is a comparison between Force Majeure under the EFET Allowances Annex and Settlement Disruption Event under the ISDA EU Emissions Annex.